Rationality and Operators: The Formal Structure of Preferences

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This unique book develops an operational approach to preference and rationality as the author employs operators over binary relations to capture the concept of rationality. A preference is a basis of individual behavior and social judgment and is mathematically regarded as a binary relation on the set of alternatives. Traditionally, an individual/social preference is assumed to satisfy completeness and transitivity. However, each of the two conditions is often considered to be too demanding; and then, weaker rationality ...

Rationality and Operators: The Formal Structure of Preferences 2016, Springer Verlag, Singapore, Singapore

ISBN-13: 9789811018954

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